An Analysis Of Why International Companies Fail In Emerging Economies Assignment

An Analysis Of Why International Companies Fail In Emerging Economies (China) And Facebooks Strategies For Entering In Chinese Emerging Markets - Assignment Example These companies are characterized y having factories and offices in different countries that are all managed form a centralized office that coordinates the corporation’s global management. These multinational corporations not only produce but also sell a variety of services and goods in various countries around the world (Fatemi, Saint-Phalle and Williams, 1975). According to Bjà ¶rkstà ©n and Haglund (2010), most multinational companies fail to perform well in China not because of the Chinese government policies but mainly because of their own incompetence. This is chiefly credited to the fact that the management teams of most companies fail to try and understand the Chinese market, drastically underestimates the challenges involved in doing business in China or even simply just choose the wrong business partners (BjörksteÃŒ n and Hägglund, 2010). This view is supported by Joerg Wuttke who is the Chief Representative of the German chemical giant BASF. Wuttke has ha d a long experience with working in China but points out that more often than not, every body is always rushing to blame China but when an indepth analysis of an organization’s failures is conducted, it is usually fond that the mistakes were mainly of the organization’s making. ... t lead to Google’s and eBay’s failure in China China first allowed its first internet 16 years ago and the various companies and western governments quickly hailed the move as being a major move away from the country’s traditional authoritarian control and censorship. Most of the foreign companies immediately laid down various policies and plans that were aimed at enabling them to take advantage of China’s massive consumer base that was perceived by many to be relatively untouched (Daltorio 2010). Google planned on taking over China in the same manner and fashion that it was taking over the United States market. In attempting to take over the Chinese market in the same way it took over the United States market, Google foolishly and blatantly ignored what is considered by many to essentially be one of the most vital rules necessary for conducting any business: Know your market. In essence, by attempting to impose its western vision of the internet on the As ian nation, Google ended up creating a huge mess for itself and inadvertently made easy profits for its local competition. China has about 384 million internet users that account for an average of one-fifth of the over 1.73 billion global internet users. It is especially in light of these statistics that Google adopted a trend that was keenly focused on global domination. Google is commonly faulted for the fact that it initially took many years for it to research and find out some of the basic facts as pertaining to some of its local Chinese competitors such as Baidu and Tencent Holdings. Google also happened to largely ignore the free music downloads market segment an element that was greatly capitalized by Baidu and helped to make Baidu extremely popular in the Chinese market (Daltorio 2010). Google’s

Business 499 The Customer Perspective card slp 01 Essay

Business 499 The Customer Perspective card slp 01 - Essay Example According to a source, Wal-Mart envisions itself ‘to become the worldwide leader in retailing’ (University of Wisconsin - Stout). This statement basically describes in broad sense what the organization wants itself to be in future. Wal-Mart has a very unique style of expanding its stores. This is basically their strategy of being on top. It starts with building one or two stores in an area. Once this venture is successful, it constructs a distribution centre near to the stores which will help in expansion of Wal-Mart in those areas in future. Next, more stores are built nearby the distribution centre. Another strategy of Wal-Mart is its management procedure. Their workers are called ‘associates’ and these associates along with the management set up goals for themselves. This increases the motivation of the employees to strive and achieve those goals. Other strategies include paying attention to the society and customers in particular. Wal-Mart, as mentioned above, is a very customer oriented organization. It makes the customers feel special and by indulging in activities such as education and conversation of natural resources for generations to come makes, it makes the society feel that it is resp onsible (Walmart Stores, 2008). The first objective of Wal-Mart is opening more stores in United States and other countries it operates in (Walmart Stores, 2008). It is evident that this objective is in line with the mission, vision and strategy of the organization. More stores will ease the customers and will help customers live better which is one component of Wal-Mart’s Mission statement. Next, this objective will also help it fulfill its vision of becoming the leading retailing store and lastly, this objective concentrates towards expansion hence, it aligns with the company’s strategy. The second objective is to provide the best prices (University of Wisconsin – Stout, 2008). This clearly relates to the mission statement as

Challenging Behaviours in School: Anger and Aggression

Challenging Behaviours in School: Anger and Aggression Challenging behaviors are not typical or special education status. These behaviors are of intense and causes a frequency and the length of the safety of an individual and others is likely to be placed in serious limits or holdup connection to, and use of normal discomforts. Challenging behaviors can take different forms, some can be less intense while some can be more vivid. (Marion, 2015). The behaviors test the right of adults and children to a safe and in orderly classroom. It can happen a lot and is persistent and it is more than a normal limit of what the classroom will allow. They do not react to the normal limits of prevention and it bears on the adults of the misbehavior. Aggressive behaviors are characterized as obvious or hidden hostility they are also disobedient, bitter, quarrel a lot, destructive, and they do bodily and verbally aggressive. (Marion, 2015). This child is sometimes hyperactive and dont pay attention. Aggressive children regress to biting and bullying as a manner of self-defense. Challenging and aggressive behavior, whether it is for adults or children can occur from different contributing aspects such as social-economics, difficulties, behavior disorders, seeking attention, difficulties in communication, family problems, trauma, and physical and emotional abuse. We adults sometimes label these behaviors by spanking and yelling at the children that are aggressive of challenging. We may criticize, humiliate, embarrass them while in front of others. This can intensify the childs behaviors and when they become adults. Children will follow the adults example by respecting their behavior. This is like when the adult is name calling or using racial slurs, cussing, and putting people down.   Be careful because little eyes are observing you and they are absorbing your example. Young children become aggressive when they live in a house that is financially, and socially disadvantaged. An example is living in a neighborhood with gangs, drug pushers, and other different types of crimes can result in children having challenging and aggressive behavior. Children can become aggressive and challenging if they have a poor managed and an unsafe school. Children that have aggressive friends can become belligerent. Children that are put on the television a lot when they are young tend to be challenging and aggressive. Researchers believe there is a connection between the media and later violent behaviors. There are findings that say if a child is exposed to television less than an hour a day, 5.7 % are involved in violent acts that led to horrible injury to someone. (Denham, Burton, 1996). Violent video games can lead to violent behavior in children. This can encourage aggressive thoughts, styles and behaviors in children. Studies state that if a hyperactive child is let out to violent games makes them more hyperactive. (http://time.com).Yelling at children can induce the minor to be emotionally abused and they cause a possibility of destructive and physical maltreatment. If children have been used a lot they can become destructive. Praising a child is extremely important in these parent- child relationships. It will help narrow down the aggression in the minor. Cooperative co-parenting between a mom and a dad is important because it assures the small fry who are a danger factor for conduct problems. Make sure you and your partner stand together in front the child because it shows you agree together. (http://time.com). This can help elevate some of the childs aggressive and challenging behaviors in children who may be at risk. (Marion, 2015). Anger is a feeling that children have and they experience, and the outcome of this is aggression. Anger is an emotion that children have and it is neither good or bad, and it doesnt have any judgement attached to it. We as individuals think when someone is angry than a problem will arise, but that is not the instance. Aggression is how far a child can go to accomplish the childs goal. Reactive aggression can be concerning for a parent. This is how a child reacts aggressively in a certain circumstance, or either defending themselves and ending up with other children. Verbal aggression is when children, belittle, ridicule, or injure a child. (Marion, 2015) This can cause a child to have problems with their self-esteem. Children who have low self-esteem, perform poorly in school and can resort to aggressive behavior. Physical aggression such as biting, kicking, scratching, can cause serious bodily injuries. (Marion, 2015). We need to address this type of behavior because if we dont it c an only get worse. Children are asking for help when they act out and if we dont listen they tend to do things to open our eyes. The Mobile Phone Company: Samsung The Mobile Phone Company: Samsung In the current volatile business industry marketing plays a vital and significant role and it is a process or method to create, deliver, exchange and communicate with customers and clients. It is the mechanism that identifies the requirements, needs, expectations of a particular customer base and creates methods and offerings to satisfy that customer base. In the current situation the complete business is customer-centric and the marketing revolves around satisfying the customer at every possible opportunity. Whatever the company offer should be based on the needs of the customer, it may be a product or can be a service or it can be both. When an organization offers both service and product, it can be termed as solution that plays vital role in strategic marketing. This paper aims to evaluate the marketing strategy of Samsung Electronics in the global television industry using the available theories and concepts. Company Background Samsung one of the greatest brands available in the market aims to secure the world leadership in the industry and earn devastating competitive strength by synchronizing the development and manufacturing of product, design, marketing and sales. The organization is well known for its great accomplishment in the industry of semiconductors based on memory. Samsung maintains its high position in the industry continuously from 1992 maintaining its top rank and stretch its financial structure throughout the industry to maintain itself as a number one company in the industry of mobile phones, semiconductors, monitors, computer gadgets, televisions, TFT and LCD screens. It also achieved 4th place in the semiconductor industry and sixth place in the mobile gadget industry by selling huge volumes. Importance and the use of information in their marketing strategy It is the era of information age and the information plays a vital and unavoidable role in any field exceptionally in the marketing industry. There is a great need for the managers to incorporate loads of data, convert it into information, construct decisions on the information and then compose decisions to lead them to achieve greater success in the business For any business, information is also considered as significant resource required same like money, machinery and manpower. Information is must and crucial for the survival of the organization in the varying business industry. Previously before the computer age, it was difficult for the companies to gather, store, maintain, organise and distribute huge volumes of information and data. The growth of computer and information technology helped the managers and organizations to effectively handle the information available. Managers are able to get the current information at required time in an accurate manner. And another great advantage is that the information can be accessed by many people at the same time accurately, completely that is organized and storable. The information system is the method that makes sure the information is presented to the managers in the form they expect it and when they expect it helping them to support their effort by giving appropriate information for their decision-making. Computers or Information Technology can evidently help companies in processing information and data in an accurate and well presented manner that is timely, relevantly and completely. All kind business organizations now a days have some kind information maintenance system either it may for accounting or stock control or market monitoring. The supremacy technology changed the function of information in the business. The complete business world acknowledged the information aslifeblood. Papows (1998) accredited that the modern organization is dead without Information. Samsung as a strong business leader accepted the fact and had given priority to the process of information throughout the organization at every stage. To gain from its Managing information System and Information Technology, Samsung addressed information needs not only in its environment but also in their relationships with customers, suppliers, trade partners, Production systems, work processes, skills and labour requirement. These advancements of Samsung have created huge and complex processes and information systems, thereby creating a requirement to align them to have a universal overview of the complete information system setting it as a strategic tool. According to American Marketing Association (AMA), 2007 marketing can be defined as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing people of various organizations endeavour to get the perfect goods or services to the correct people at the perfect place at the accurate time at the right price, utilizing the proper promotion techniques. This explains how marketing managers organize the several factors that eventually decide marketing success. For this, organizations must have timely decision-making information. The significance of efficient marketing changes heavily in respect to the market in which a firm operates. It also depends on the important competences existing within the company. These competences will offer the current market information based on which decisions can be taken quickly. Corporate strategy depends deeply on the scrutiny of such information. Samsung aims to achieve the world leadership and accomplish great competitive strength. It is targeting to coordinate design and development of product, manufacturing, sales and marketing with effective information management. Samsungs marketing strategy related to their overall organisational strategy Slogan of Samsung Company says that Everyones invited Explains its vast marketing strategy, with a huge range of products. As per the market researches, the main strengths of Samsung are identified as Strong global business network Huge credibility of Brand Name Innovative changes and inspiring new styles The awards it is continuously receiving Samsung has strong global present with its service and sales caters locating in 4 different countries. Samsung can utilize its strengths available as major threats to other organizations. Samsung can effortlessly improve its image by the promotional Ads and quality products. Viewing ahead, Samsungs vision is to turn out to be a leading company of the digital convergence revolution. The next generation will be a time where the Internet, wireless communications, networked systems and contents will be united. Various forms of convergence technology that link conventional stand-alone appliances through networks will be developed. Samsung Electronics vision for the new decade is, Inspire the World, Create the Future. This new vision statement mirrors Samsung Electronics dedication to stimulating its communities by accelerating its three key strengths: New Technology, Innovative Products, and Creative Solutions. And to advance new value for Samsungs core networks such as Industry Partners and Employees. Through these efforts, Samsung hopes to contribute to a better world and a richer experience for all. (www.samsung.com, 2010) SAMSUNG Vision Statement Source: http://www.samsung.com/uk/aboutsamsung/corporateprofile/visionmission.html [accessed on 20/07/2010] The main aim of the strategy of any business organization is growth (Chandler, 1962; Penrose, 1959). Even for Samsung, this growth is the main competence. The diagram above explains its motto of creating future in its industry and wants to be a leader. So Samsungs vision is clear. Samsungs strategic methods can be classified in to organic growth and alliances based on strategic. Organic growth According to moneyterms.co.uk (2010) Organic growth is the growth that is achieved by the companys existing business by increasing output and enhance sales (Investopedia, 2009 Moneyterms, 2010). Organic growth lets a firm to extend market position over the long term and helps to accomplish growth much cheaper than merger and acquisitions and is well suitable growing organizations (Coyle, 2000). This suits well with Samsung present strategic position as it is one of the market leader and has all the measures to extend into other markets. Moreover, though Samsung has huge cash reserves, organic growth permits cash reserves to be focused on other important factors such as Research and Development. At last, the external environmental analysis shows growth in the television market and the complete industry. But only the organic growth is not sufficient for an organization. Even though it is stable that is not enough when entering in to a new market in a new country. When entering in to a new country a strong understanding of local market is necessary that can be achieved only through local strategic alliances. Strategic Alliances A COPAC Commissioned Study defines (2000) Strategic Alliance as a formal and mutually agreed partnership arrangement that links specific facets of two or more enterprises or organizations. It is a mutual arrangement and understanding that allows partners to accomplish goals mutually that they could not accomplish alone. Strategic alliances are normally seen as methods for generating strong and efficient mode for competing in a globalized business. Bleeke and Ernst (1992) explain this as a formal relationship between two or more parties to pursue a set of agreed upon goals while remaining independent organisations. From 2001, Samsung has undergone with 29 various alliances (Samsung.com, 2010). They also accredit that the alliances are the best possible ways to enter in to the new market. With the new alliances Samsung may not learn anything new as they are very strong in technology and innovation. Further Analysis of Current Strategies Porter (1980) argue there are three fundamental strategic options available for companies that are looking for achievement of competitive advantage; they are Cost Leadership, Differentiation and Focus. This is explained in Porters Generic Strategies (Porter, 1985) Samsung comes under the category of Cost Leadership strategy as it augments profits by dropping costs, while charging low prices in the industry. Cost Leadership can be considered as one of the core competencies of Samsung. Apart from the cost leadership, Differentiation strategy also appropriate to Samsung as the company in continuously involved in inventing the technologies. So, Samsungs strategy is a combination of both cost leadership and differentiation strategy. Bowmans Strategic Clock (1997) is the other method used regularly to evaluate strategic options. It sees at professed additional value by the customer in opposition to price. Based on this Samsungs strategy can be explained to be mostly Hybrid. This refers to a strategy which is low cost to the consumer but still differentiated. Samsungs new 3D and Interactive TV Samsung, an industry leader for flat-screen TVs, will begin promoting its 3DTVs on 21 March in the US, before rolling out the activity globally in April. Mintzberg et al (2005) stated the Competitive advantage of an organization is usually recognized as the managements capability to set the companys assets adjacent to some external context. This can be termed as (Porter, 2004) external environment for a specific company. This external environment sets the means of survival for any company (Johnson et al, 2008:54). So, it is vital for the companies to understand this environment. This paper will look at the macro environment of Samsung using PESTEL analysis, then the Industrial environment where it operates, and finally at Competitors mainly utilizing Porters five forces model (Porter, 2004:6). It is also important to analyse the external environment of the firm to understand the opportunities and threats to achieve a strategic competitiveness. This consists of a general environmental, market, five forces analysis and competitors analysis. SWOT analysis is a prospective forecasting technique that helps to evaluate the match between opportunities and capabilities of the firm in the competitive environment. External environment The macro and industry environments will now be looked at to assess the strategic position of Samsung. Social Factors Current generation of people have strong passion and obsession for new innovative technology. Electronics industry plays a vital role in fulfilling this obsession. Children watching late night programs and getting addicted to TV programs that reduces their interest towards games and studies is an important social factor. Technological Factors The electronics industry has been considered as one of the largely growing (Sixto, 2003) with low product life cycles (Mathews, 2005) that have show the way to global revenues. A 3D TV set is a special viewing TV device that utilizes 3D techniques of appearance that projects a TV program into a realistic three-dimensional field. The technology is brand new to TV industry that further reduces people going to Cinemas. Samsung is leading the industry with another milestone of new innovative Technology. Political Factors Political factors have an enormous control on the regulation of businesses that comprises of regulations forced by the government under which businesses should operate. As per the research the political environment in United Kingdom is said to pretty stable. Polices structured by the new conservative government like taxation, Cutting the Public spending and decision to raise petrol prices will have tough impact on the buying power of individuals. Additionally, the industrial policies of Korea also plays very important role for assisting international competitiveness to transfer technology in swap for market access (Kim, 1997). Economic Factors The economic factors plays very critical and significant role in marketing the 3D TV. The recession or down turn of economy reduced the spending power of individual. U.K economy is endangered by the financial downturn. As the unemployment rate increases customers passion for new technology may be sidelined. Sales have been continuously depreciating and the exchange rate is all time low that will increase the importing prices. Environmental Factors Consumers are having more awareness towards environmental and expecting increased energy efficiency, minor or no emission of dangerous radiation (Tarr, 2009; EE Times-Asia, 2009). Legal Factors Intellectual property is becoming a critical and important in the industry. There are huge chances conflicts can happen like the resent famous Apples conflict with Googles Nexus One regarding a patent issue. Samsung itself won a dispute recently in opposition to sharp regarding a patents issue that was initiated in the year 2007(Wall Street Journal, 2009). Legislations about local employee rights, Taxation and Intellectual Property will advance influence on Samsungs strategic decisions. Swot analysis STRENGTHS Strong international experience. Strong global business network Huge credibility of Brand Name Innovative changes and inspiring new styles The awards it is continuously receiving OPPORTUNITIES New technology 2012 Olympics offers an plenty of opportunity to get more sales Offering more models with stylish and individuality. The consumer will have the real entertainment for the money. WEAKNESSES Perception of High Prices Customers disinterest Buyer sophistication and knowledge Substitute products or technologies Very less availability of 3D viewing content THREATS New existing competition Price volatility Economic recession or financial downturn Extremely huge competition for customers and resources Five Forces Analysis This analysis discusses five competitive forces related to the new product of Samsung Industry Competitors: Sony, Panasonic and LG. All are bigger players in the industry The competition is very High Buyers Individuals and families with high passion for technology And reasons for buying is Young passion mind, affluent professionals, status maintainers *Threat of New Entrants *Threat not significant as already many established players in the market and required a significant initial network, resources and investment Suppliers Bargaining power is low Substitutes Wide verity of TV models including Plasma, LCDs and digital TVs. Electronics Gadgets like smart phones, gamers and computers are also affect the new 3D The competition is very high with SONY, Panasonic and LG are planning to launch the 3D TVs Lower Threat of New Entrants Threat from new companies entering in to the business is low as huge requirement of capital and Samsung have huge research and marketing process along with the proven productive process. It also has the strong brand name and best product differentiation. Overall the threat is minor. Low Bargaining Power of Suppliers Many competitive suppliers are available in the industry. The suppliers of Samsung have low switching cost and product differentiation (Lee, 2006). Overall the bargaining power of suppliers is low. The price increasing of raw materials can be easily passed on to the consumers. So the overall bargaining power of suppliers is low. Medium Bargaining power of Customers Bargaining power of customers is medium as very little range of products available in the 3D TV marketing industry. High Threat of Substitute Products There are huge number of substitutes are available for this product like Plasma TVs, LCD TVs, Mobile gadgets like smart phones, gamers, computers and laptops. Competitive Rivalry within the Industry High Overall, rivalry is high with many diverse competitors. LG, the worlds No. 2 Television brand by revenue, has put a destructive sales target for 3D TVs, planning to construct a leadership position in an emerging market where rivalry is expected to heat up. In 2010, LG targeted to sell 400,000 3D Televisions and in the next year it aims more than 3.4 million, the South Korean company announced in a news conference on 15th Tuesday December, 2009(canada.com, 2010). Electronics giant Sony is also planning to launch and leverage its power in 3D TVs business. Sony said in a press conference that it is expecting 3D TVs to account for up to 50 per cent of its total TV sales by March 2013 (canada.com, 2010). Panasonic also launched its plans to roll out 3D TVs in 2010 (canada.com, 2010). Source: http://www.canada.com/competition+heating+2010/2342815/story.html Segmentation The new generation 3D TV is initially targeted at the high class and technology lovers. The initial price of the 3D TV is very high. The Marketing Mix Marketing mix is an essential notion in current marketing and rationally it is referred to as the set of convenient tools that the organization combines to create the response it wants in the target market, so it consists of everything the firm can do to influence the demand for its product (Kotler and Armstrong, 2004). Marketing is about projecting the correct product at the correct price in the accurate way to the accurate customers. This is how value is added. Getting a product in to the market involves balancing numerous significant ingredients, i.e. the 4Ps of the Marketing Mix: Product, Price, Promotion and Place. Product The Next generation 3D TV is new innovative product. In simpler terms, the product includes all features of innovation to provide true entertainment to its customers. The 3D televisions were voiced as the biggest innovation in the television history with combination of highest performance and stylish design. With the Samsung 3D TV the customer will have the prospect of enjoying TV programs in 3D sitting at home and viewing TV will never be the same as the audience will be able to enjoy and experience the feel of their favourite stars of sports, film and TV leap off their TV in to the living room right before them. Samsung is proposes a series of 3D-capable TVs, including the LED 7000/8000/9000 Series, LCD 750 Series and the Plasma 7000/8000 Series (www.samsung.com, 2010) Price Pricing is principally fixing a specific price for a product or service offered. In simple words, Kotler and Armstrong (2004) explain the perception of price to obtain the product. Fixing a price is not something simple. Normally in general law people argue that a small price will draw additional customers. The argument is not true. Because customers not only look for price alone. The customers expect a proper service and value for the money that he pays. They act in response to value so a lesser price does not essentially signify stretched sales if the product is not fulfilling the expectation of the customers (Lazer, 1971). The price for the 3D brands starts from  £1600 to  £2000. The price is not so competent. Placement Samsung unveiled its prestigious 3D TV brands globally in the major countries like US, UK, Australia and china. The product is launched in all the major stores like John Lewis, Currys etc. Promotion The promotion takes the form of a new Starter Kit that offers U.S. consumers the chance to enjoy 3D movies in their own living rooms, rather than having to head to nearest cinema to check out the eye-popping action. Samsung utilized the FIFA Football World Cup to publicize several value-added bundles along with its new 3D TV ranges. Fresh buyers were offered bundled 3D movies, home theatre systems and Blu-ray players. People who procure certain Samsung 3D TV models from dealers all over the country will have the chance to seize the Bonus 3D bundle. This includes Samsung 3D Blu-ray player and two sets of rechargeable 3D glasses. Apart from this Bonus 3D bundle, customers are also entitled to obtain a Bonus 3D TV starter kit that includes 3D Blu-ray Disc of DreamWorks Animation SKGs hit movie, Monsters vs. Aliens, and An additional two sets of battery powered 3D glasses. Source: http://3dtvsets.co.uk/samsung-electronics-starts-3d-tv-war/ (accessed on 25/07/10) Apart from these bundled promotional offers, Samsung has launched a strong advertisement campaign for its range of 3D TVs. The TV advertisement campaign is worth of  £8 Million that runs over 3 months. Apart from the TV advertisement, it has also launched  £7 million print media advertisements (www.marketingweek.co.uk, 2010) Target Market Samsung should aim both the high-end market segment as well as low-end market segment because in both areas there are opportunities. The international brands like Sony, Panasonic, LG, Philips and Sharp have more than 75 percentage share of the high-end market segment globally. Samsung being an international brand, it can easily step in both the high-end and low-end marketing segment because of its overall knowledge and ability to invest in the market. Market research firm Generator Research(2010) forecasts a major update of the novel 3D TV technology globally, showing that by the year of 2014 the business share for 3D sets is predicted to reach over 39% and the market will value more than $117billion (Samsung.com, 2010). In reference to another market research organization, DisplaySearch (2010), the 3D TV market is predicted to increase from the year 2008s value of $ 902 million to $ 22 billion in 2018. particularly, the 3D TV business is predicted to grow to $ 17-billion, and the number of units expected to sale will increase to 64 million in the year of 2018 from 200,000 units in 2009 (Samsung.com, 2010). Globally, in the year of 2010, it is expected that there will be approximately 4.2 million 3D TVs will be sold as all the major players like Samsung, SONY, Panasonic, LG and sharp are entering in the business. The value is expected to triple to 12.9 million in the next year itself according to a new market research. Above said figures looks like huge but the fact is that the above stated figures are just a fraction of the original LCD TV sale. On the other hand, it is expected that by 2012, 27.4 million 3DTelevisions will be sold globally and by the year of 2015 the value is expected to 78.1 million units. This shows an enormous composite annual growth of 80.2% between 2010 and 2015. The figures show that the 3D Televisions here for growth and may replace all the existing TVs in near future. Samsung, on the other hand, is prepared to lead in this Information and Technology Age as it will utilize its force in semiconductor, telecommunications and consumer electronics technology to expand pioneering multi-capable goods and create powerful networks that will authorize the user for anytime, anywhere communications and a higher quality of life. The 3D TV products launched by Samsung will reach the complete audience and entertain all the generations. Samsung will hope for a huge market share with its new product launched and beat the competitors. http://www.marketingpower.com/AboutAMA/Documents/American%20Marketing%20Association%20Releases%20New%20Definition%20for%20Marketing.pdf

Hamlets Tragic Flaw is Death and Tragedy Essay -- essays research pap

Does Hamlet have a tragic flaw? If so, what is it and how does it effect his surroundings and how does it effect Hamlet himself? What is the outcome of his flaw? Hamlet has a tragic flaw in his personality and behavior. His flaw is that he is overly concerned with death and tragedy. This flaw or weakness in Hamlet leads him into a world of chaotic surroundings and madness. Hamlet's flaw and his mad personality led to the death of several people, including his mother and the King of Denmark! If Hamlet did not have this fascination with death and tragedy, the deaths of the several people would not have occurred--including his own. Hamlet did not always have this flaw in his personality. The flaw was presented to him by a ghost. The ghost of Hamlet's father told Hamlet that he was murdered by Claudius and asked Hamlet to avenge his murder. This is where the flaw is adopted by Hamlet and begins to effect his life. Hamlet begins to dig deeper and deeper to find the truth. He puts on an act of madness to disguise his revenge. Hamlet becomes so over-whelmed with death that death is all...

Profesional Manager Essay

What are the Institution Building Skills of the Top Executives in organisational set up? Explain with examples from various Institution Building Personalities quoting their role relating to various skills which contributed in Institution Building. Briefly describe the organisational history you are referring to. Most of the institution building activities require attending to some very important functions. The chief executive has to maintain his position of a leader of the organisational management. Apart from the efficiency of the organization top executive has to be equally concerned about satisfaction of employees, their welfare, their development which will create an impact on the society and their morale. Managerial skills that help in building an institution or organization the skills of the top executive are broadly categorized as follows: i) Identity Creating Role: You create a special place for your organisation by making it unique in one or more than one respect. You may have good employee welfare measures that make your employees happy. You may also be known for your technological innovations and users of your technology outside your organisation are happy about it. Thus, you are known with your identity with the above two areas which are created and you have also made or established your organisation’s identity that way. Corporate Social Responsibility and Corporate Governance, employee satisfaction, goodwill, transparency,. ii) Enabling Role: The chief executive has to develop various kinds of resources such as men, material, facilities for work as well as a good work atmosphere. Employees have to be trained and updated in their skill and materials so that outputs can be multiplied. Also, he has to give employees a very challenging/satisfying atmosphere to work by knowing their ability as well as willingness to work by this means efficiency of the employees can certainly be increased as well as morale. Involvement of employees in decision making. Focused participation, development of resources (men, materials, machinery and money etc.). Breakeven point. iii) Synergising role: Synergy is working together of two or more people, organizations, or things, especially when the result is greater than the sum of their individual effects or capabilities. Collectively resources – men, material, money and machines contribute to the goals of the organisation. Ensuring proper utilisation of the available resources particularly when such resources are scarce is very important role of the top executive. Also, this role of the top executive is very challenging one because he has to uniquely combine available resources with their optimum utilisation in order to achieve the predetermined objectives. iv) Balancing Role: The role of the top executive is to make subordinates conform to rules, expectations, regulations or procedures to achieve the goal of the organisation. Such conformity may not be so much stressed that it destroys the creative potential of the subordinates/employees. Allowing employees to be creative, to be able to move in new directions and respond to the new challenges and pressures from the environment gives them autonomy without causing damage to their potential. Thus, a balance between the conformity and creativity should be maintained. v) Linkage Building Role: As a top executive, realizing the social obligations of the organisation to the benefit of other organisations as well as the community and society at large he link the organisation with other technical or financial organisations or government agencies or policy making bodies which may have similar goals. For example, research and development unit of the industry can have link with a similar unit in educational or research organisations. He has to get support from financial institutions to develop research and development activity in his organisation. Linking the organisation’s activity with the community where he works. A rural development centre’s activity at a technical education institution can be very well linked with community development programmes in rural areas on issues like health, sanitation, education, etc. vi) Futuristic Role: This is role is very vital because the very future of the organisation will be at stake, if let loose. Top executive has to take decisions to expand or diversify or change or reorganise his organisation  for meeting new demands and challenges. He should be prepared for the importance of the role his organisation can play in future. vii) Making impact: This means making an impact of one’s organisation on others. A leading manufacturing organisation of a product can be very influential in several ways to influence the policies in the field in which it operates. Examples of electronic goods such as television, transistors, calculators and computers are not rare, where superior technology in the manufacturing process is ever on the increase. viii) Super ordination to the employees working under a top executive. You can done by giving a sense of fulfilment to the members of your organisation by building in them a sense of pride that they are working in a very important field of work, which is so important for the society. For example, members of a fertiliser or oil or steel organisation would be very highly motivated and satisfied people as their work is of importance to the society. This sense of pride has to be brought out by you as a top manager. xi) Team Building: Building an efficient and strong team of people at the middle management level so that they can really work for him and the organisation. Being chief executive he can always encourage some persons to learn some of his management as well as managerial skills to keep the organisation functioning by their strong and mutually supporting activities. x) Monitoring and Reviewing: Monitor and review the functioning of the organisation at different time intervals to ensure correct way of functioning. You may also make sure that your team of people are open to problems of their own group as well as appreciate problems of similar kind occurring at various levels in other organisations. Many times we are successful in resolving our problems concerning people or their work by borrowing experience of others. xi) Quest for Talent Search: This role of a top executive assumes high importance. This role involves a constant monitoring and search for competent people at all levels and reward them for their competence and  dedication. Search of competent personnel in a significant way to enhance the competence of the organisation. xii) Sharing ideas: To keep in touch with and share ideas with policy makers and planners as well as intellectuals who bring in deep insight to understand and plan for the future. This role of chief executive is very crucial as sharing of ideas and the feedback from them to join meetings and debates of such nature which will make you think about your own skills in this regard. xiii) You may like to develop in yourself a kind of skill to be involved with the organisation yet remain detached about it. In India, this sense of remaining detached, yet knowing what is happening is one of the very important work values existing in our culture and tradition. You may be deeply involved to become a very effective top person in the day-to-day operations of the organisation and its results. Yet you should also be detached from people and situation to observe your own activities and experiences to learn about a different approach to your organisation. Container Corporation of India Limited – a Central Public Sector Enterprise (CPSE) under the administrative control of Ministry of Railways had made its humble beginning in 1988 with its one and only one ICD at Pragati Maidan, New Delhi – with various institution building measures of its various Chief Executives right from Mr. R.D. Sharma to Mr. Anil Kumar Gupta (current CMD) over a period of 25 years now the company enjoys a near monopoly status in multimodal logistics business despite Ministry of Railways granting licences to the private container operators. The tenure of Mr. Ashwini Kumar Kohli and Mr. Rakesh Mehrotra the ex-CMDs has seen a commendable development scenario because of all the above explained roles being played by them despite facing the odds during the period of economic slow down i.e. in 2008. As we are all aware during this period the export import (EXIM) trade as well as the domestic trade was severely hit. But the strategic role played by the top/ chief executive in reducing the freight tariff slightly had given boost to the domestic as well as exim trade while maintaining the upward trend in profitability.

Public and Private Sectors Essay

* Public sector has an influence in tourism business. It is essential to outline the main policy instruments used by governments in order to manage tourism. * Public bodies influence tourism sector either directly, through organization with responsibility for tourism, which include: establishment of infrastructure, information services and creation of tourist attractions and facilities. Or, indirectly, through foreign policies and legal controls, the commercial sector of tourism industry can operate successfully, co-ordinating, promotional and regulatory role in tourism provision, and conservation of the physical and socio-cultural resources that attract tourists to destination. * Governments use demand and revenue management in order to influence demand in the industry by: marketing and promotion, information provision and network development, pricing, controlling access to the destination, safety and security. Supply and cost management are operated by environmental control, building regulations, market regulations, market research and planning, taxation, ownership, education and training and investment incentives. * Private Sector Improve the overall quality of products and services within the tourism industry (all tourism-related accommodation, restaurants, tour guides, tour operators, and other tourism-related service providers); raise the levels of demand nationally, regionally and internationally; promote competiveness within the industry; and, provide valuable and reliable information on quality standards for the tourist and the travel industry. * Provide intensive training to local communities/ private sector in various aspects of development and management of tourism businesses, and hospitality skills to provide them with better opportunities to seek employment in the tourism sector. * Comprehensive general and area-specific development guidelines for tourism zones with specific urban designing, land use planning and infrastructure planning.